LLP at loss

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514 Points Posted on 22 December 2021
i hav an llp business.for fy 2020-21 it is loss.can i file return as loss ..?? any issue..?? capital contribution 5L and gross receipt is 2L only.pls reply thanks in advance
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On 22 December 2021 at 15:06 Report
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Quick Summary
If your Limited Liability Partnership (LLP) experienced a loss for the financial year 2020-21, you must still file a tax return. This is essential for carrying forward those losses to future tax periods. Filing is mandatory for LLPs, even when operating at a loss, regardless of your capital contribution or gross receipts.

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SEO Sai Gr. Hosp.
212572 Points Posted on 22 December 2021

Yes you have to file ITR for carry forward of losses.

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On 22 December 2021 at 15:25
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Company Secretary
7085 Points Posted on 22 December 2021
Filing of itr is mandatory even in case of losses also
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On 22 December 2021 at 16:57
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126 Points Posted on 22 December 2021
In case of firm Filling of ITR is mandatory
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On 22 December 2021 at 22:22

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